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SEATTLE FILMWORKS INC. ANNOUNCES 28-PERCENT EARNINGS GROWTH

 SEATTLE, April 21 /PRNewswire/ -- Seattle FilmWorks Inc. (NASDAQ: FOTO) today announced record net income of $216,000 for the second quarter of fiscal 1993. This represents a 28-percent improvement over net income of $169,000 for the second quarter of fiscal 1992. Net income for the first six months of fiscal 1993 was $639,000, a 24-percent improvement over net income of $515,000 for the same period of fiscal 1992. Earnings per share for the second quarter of fiscal 1993 increased to 8 cents per share compared to 6 cents per share for the same quarter last year. For the first six months of fiscal 1993, earnings per share were 23 cents compared to 19 cents per share for the same period of fiscal 1992. Earnings per share data reflects the previously announced three-for-two stock split distributed on Feb. 26, 1993.
 Net revenue for the second quarter of fiscal 1993 was $9,290,000, up 10 percent from $8,467,000 reported for the same quarter in fiscal 1992. Net revenues for the first six months of fiscal 1993 were $18,596,000, a 9-percent improvement over net revenues of $17,018,000 for the first six months of fiscal 1992.
 "Our second-quarter net-income growth and revenue growth are very encouraging," noted Gary Christophersen, president and chief executive officer. "While are second quarter is typically our weakest we are very pleased with our results especially considering the current economic environment," Seattle FilmWorks is a direct marketer of innovative photo-related products.
 SEATTLE FILMWORKS INC.
 SELECTED FINANCIAL DATA
 Second Quarter Six Months
 March 27, March 28, March 27, March 28,
 1993 1992 1993 1992
 Net revenues $9,290,000 $8,467,000 $18,596,000 $17,018,000
 Net income $ 216,000 $ 169,000 $ 639,000 $ 515,000
 Earnings per
 share(A) $ 0.08 $ 0.06 $ 0.23 $ 0.19
 (A) Note: All earnings-per-share data reflects three-for-two stock split distributed Feb. 26, 1993.
 -0- 4/21/93
 /CONTACT: Gary Christophersen, chief executive officer, or Jim Smith, chief financial officer, of Seattle FilmWorks, 206-281-1390/
 (FOTO)


CO: Seattle FilmWorks Inc. ST: Washington IN: SU: ERN

LM-TM -- SE011 -- 1268 04/21/93 13:19 EDT
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Date:Apr 21, 1993
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